Exfor Exposure: Investigating Alleged Withdrawal Denials, Illegitimate Account Closure & More

Exfor, a Malaysia-based forex broker, has allegedly been the centre of attention for all the wrong reasons. These include long-pending withdrawal denials, no communication or assistance from the broker‘s customer support team, manipulated pricing upon a withdrawal request by the trader, and account blowups due to bonus-related issues. It’s the traders who allegedly bear the brunt of all these suspicious trading activities. A lot of them have criticized it on broker review platforms. We have highlighted some of their complaints in this Exfor review article. Take a look!

Exfor Operation Details: Company Profile, Platform & Account Types

Exfor claims to be a trading provider of over 300 instruments at low fees. The company claims that it is authorized by the Labuan Financial Services Authority (LFSA). What‘s more, it markets free daily trading insights, fully secured client funds, welcoming of every trader with different in-hand capital and requirements, and 50% and 100% bonus for all. With both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, the broker aims to enhance traders’ experience. It basically offers two accounts - Standard and Pro. While the minimum deposit for the Standard account is $50, the same for the Pro account is $3,000.

Investigating the Top Forex Trading Complaints Against Exfor

A Pending Withdrawal Case with No Communication from Exfor Support Team

A Pakistan-based trader recently complained against the Exfor withdrawal support team, claiming no communication from it over a request that remained pending for a week. The trader further claimed to have a verified identity and address proof. At the time of sharing the Exfor review, the trader had not received any responses from the support team. Find out more by reading this review.

A 3-Month Long Pending Withdrawal Complaint

A trader from Pakistan admitted to have deposited $700 into the trading account and earned profits. Subsequently, the trader applied for withdrawals. However, Exfor allegedly failed to return him even his deposit amount, let alone the profits. The delay stretched for three months before the broker made a negative Exfor review live. The trader claimed to have received no reply to the email sent to the broker. Check out two screenshots with two Pakistani traders, including the one highlighted above.

Worst Price Offered Upon Profit Making, a Trader Alleges

Another Pakistan-based trader accused Exfor of offering him the worst prices when he started making profits. The trader even accused the broker of manipulating trades against him to prevent winning trades and profits thereafter. Subsequent to these alleged incidents, the trader complained about this to the brokers customer support team. As highlighted above, this trader too faced no response on any of the communication channels, resulting in this critical Exfor review.

Deposit Credit Failure & No Customer Support

A United Arab Emirates-based user during mid-2025 transferred 50 USDT via the TON network to their Exfor Exchange account. The transaction was successfully confirmed, with proof from both Bybit and a blockchain explorer.

Despite this, Exfor did not credit the funds to the users account. The user contacted Exfor support through chat and email, providing all required details and screenshots, but received no meaningful response or assistance.

The user criticized the exchange for lack of accountability, transparency, and support, and warned others to be cautious when using Exfor. The user stated that if the issue is not resolved soon, he may pursue legal action and report the case to crypto fraud networks.

Here is the complete Exfor review on this issue.

The Alleged Account Blowup Case Due to the Bonus-related Discrepancy

A trader wrote a review wherein he trusted the Exfor‘s account manager while depositing funds on the trading platform. The account manager, according to the trader, assured him that the bonuses received were tradable as per the company’s terms and conditions. The trader did not find any issues for months as everything went as expected. Trades were open and running smoothly. The trader elaborated by saying that the account remained active even when the balance became negative and even became larger than the bonus amount. However, one day, without any prior notice, all of his positions were suddenly closed, and the account was wiped out. Annoyed by the alleged U-turn by Exfor, the trader contacted the support team, which told him that the bonus was non-tradable. The trader even approached the brokers management team, but to no avail. Check out the screenshot below that perfectly captures the essence of this complaint.

Exfor Review by WikiFX: Is It Regulated?

Contrary to the brokers regulatory claims, the findings from the WikiFX team came out with a conclusion that reads - No License for Exfor - significantly raising the investment risks for traders. Due to this, the team gave it a score of just 2.18 out of 10.

Traders should thus conduct a detailed verification of brokers before trading. They can do so by using the new WikiFX app that comes with significant updates, allowing for even more seamless broker comparison. Download the app now by scanning this QR code.